What Happens When Banks Stop Doing Business With Some Countries

By iMFdirect

When global banks decide to withdraw from some countries and no longer do business with banks there, the global effect so far has been a gentle ripple, but if unaddressed, it may become more like a tsunami for the countries they leave.

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Thinking Beyond the Crisis: Themes from the IMF’s 10th Annual Research Conference

The Mundell-Fleming lecture by Ricardo Caballero (MIT), presented to the IMF's 10th annual research conference, drew a striking parallel between a sudden cardiac arrest and a financial crisis. The best option during a sudden cardiac arrest is to use a defibrillator. Ricardo argued that, using the analogy between the two events, we need to have “financial defibrillators” readily available during financial crises as well.

By | November 30th, 2009|Economic Crisis, Economic research, IMF|0 Comments
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